CTS Services
Cheque Truncation System Facility
Cheque Truncation System (CTS) is an RBI-approved process in which cheque clearing is done electronically by transmitting digital images and data instead of physically moving cheques. This enables faster clearing, improved security, and reduced operational risks.
CTS Facility
- CTS processes both inward and outward cheques
- Physical movement of cheques is eliminated
- Cheque images and data are sent to the Clearinghouse
- Ensures faster and secure cheque processing
Working Hours
- Cheques presented today are cleared on the current working day.
Benefits & Working Hours
- Ensures quicker cheque clearance
- Saves operational costs
- Improves efficiency for banks
- Provides faster credit to customers
- Reduces paperwork
- Environment-friendly cheque processing
Terms and Conditions
- CTS is applicable to all cheque types presented through banking channels
- Electronic clearing reduces clearing cycles
- No risk of cheque loss during transit
- Provides superior verification and reconciliation
- Reduces operational risks
- Customers must ensure accurate cheque details
- The bank is not responsible for delays due to incomplete or incorrect cheques
- CTS follows RBI-prescribed clearing cycles
- Returned cheques due to technical reasons are communicated immediately
- Customers can track cheque status through online banking
- CTS does not impact regular banking operations
- Use CTS-enabled cheques to avoid delays
